Tradeweb Markets (TW) Intangibles (2018 - 2026)

Tradeweb Markets (TW) posted quarterly Intangibles of $1.1 billion for Q1 2026, down 10.22% year-over-year from $1.2 billion in Q1 2025, and up 313.97% on a QoQ basis from $270.3 million in Q4 2025.

Tradeweb Markets (TW) Intangibles (2018 - 2026) Analysis & Trends

Tradeweb Markets (TW) has reported Intangibles for 9 consecutive years, with $1.1 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Intangibles fell 10.22% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 10.22% YoY), while the FY2025 annual figure was $270.3 million, down 78.9% from the prior year.
  • Intangibles came in at $1.1 billion for Q1 2026 at Tradeweb Markets, up from $270.3 million in the prior quarter.
  • The five-year high for Intangibles was $1.3 billion in Q4 2024, with the low at $131.3 million in Q4 2023.
  • Average Intangibles over 5 years is $790.7 million, with a median of $1.0 billion recorded in 2023.
  • Across the five-year window, Intangibles slumped 87.99% in 2022 and jumped 875.31% in 2024, its largest moves.
  • Year by year, Intangibles stood at $141.8 million in 2022, then declined by 7.4% to $131.3 million in 2023, then surged by 875.31% to $1.3 billion in 2024, then tumbled by 78.9% to $270.3 million in 2025, then surged by 313.97% to $1.1 billion in 2026.
  • According to Business Quant data, Intangibles over the past three periods registered $1.1 billion, $270.3 million, and $1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 5.96 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.41 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 14.12 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 203.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 3.41 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 1.12 Bn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 421.02 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 25.87 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.12 Bn
Dec 31, 2025 270.30 Mn
Sep 30, 2025 1.18 Bn
Jun 30, 2025 1.21 Bn
Mar 31, 2025 1.25 Bn
Dec 31, 2024 1.28 Bn
Sep 30, 2024 305.09 Mn
Jun 30, 2024 1.00 Bn
Mar 31, 2024 1.03 Bn
Dec 31, 2023 131.33 Mn
Sep 30, 2023 1.03 Bn
Jun 30, 2023 1.02 Bn
Mar 31, 2023 1.05 Bn
Dec 31, 2022 141.83 Mn
Sep 30, 2022 144.69 Mn
Jun 30, 2022 1.13 Bn
Mar 31, 2022 152.24 Mn
Dec 31, 2021 1.18 Bn
Sep 30, 2021 1.20 Bn
Jun 30, 2021 163.77 Mn